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Whether your business is starting up, considering expansion, or planning for the future, a solid business plan is an essential aspect of your operations. It’s so important that, without one, you could be missing out on funding opportunities and profits.
Restaurateurs | To Go Debt Free, or Not to Go Debt Free?
Some restaurants are going debt-free, but does that make sense for your business? Although some debt is decidedly “bad debt,” other investments can help accelerate your restaurant’s growth. Careful consideration of debt options is essential; read on for questions you can ask for a quick debt self-evaluation.
There is No “One Size Fits All” Approach to Small Business Financing
There is no such thing as an “one size fits all” approach to small business finance, although standard loan applications may try to dictate otherwise. What’s your strategy for getting money for your business?
Serve Up a Great Meal and a Strong Financial Plan
In September 2013, QSR wrote, “in the quick-service industry, the path to success is straightforward: offering good-tasting, quality food prepared quickly in a clean and courteous environment.” That seems clear enough; quick-service and fast-casual restaurants got into business with this objective at the top of their lists.
Would Your Business Meet the Banks’ 5Cs of Credit?
If, like many small business and restaurant owners, your business is operating in an environment where you can’t meet the banks’ rigorous credit requirements, you’re not alone. But you do have alternative financing options to consider. Read more.
Crowdfunding – Power To The People, Money To The Business.
There is a new funding source on the block, and it’s the talk of the financial town – crowdfunding. Crowdfunding allows a wider group of individuals the opportunity to invest in business concepts.
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